Business conglomerate Godrej Industries Ltd on Tuesday reported an 81 per cent increase in consolidated net profit at Rs 322.49 crore for the April-June quarter of 2024, on higher income.
Its net profit stood at Rs 178.06 crore in the year-ago period.
Total income increased to Rs 5,259.41 crore in the April-June period of 2024-25 fiscal, from Rs 4,893.40 crore in the corresponding period of the previous year, according to a regulatory filing.
Godrej Industries has presence in chemicals, estate management (real estate), finance & investments.
On business performance of its subsidiaries, joint ventures and associate companies, Godrej Industries said the consolidated sales of Godrej Consumer Products Ltd (GCPL) stood at Rs 3,311 crore in the first quarter of this fiscal.
Godrej Properties' total Income grew to Rs 1,638 crore in April-June period of this fiscal, from Rs 1,315 crore in the year-ago period.
Godrej Agrovet's total income declined to Rs 2,360 crore in the period under ..

Godrej Industries has presence in chemicals, estate management (real estate), finance & investments

Press Trust of India

Patel Engineering Ltd on Tuesday reported a 25.81 per cent rise in its consolidated net profit to Rs 48.17 crore in the April-June quarter of 2024.
It had posted a Rs 38.29 crore net profit from operations during the year-ago period, the company said in an exchange filing.
The company's revenue from operations declined by 1.52 per cent to Rs 1,101.66 crore in the June quarter.
It was at Rs 1,118.61 crore in the year-ago period.
Patel Engineering's Managing Director Kavita Shirvaikar said, "Our focus remains on delivering long-term value for our stakeholders while continuously enhancing operational efficiency and output."
"With this strong foundation in place, we are poised to build a brighter future for Patel Engineering Limited and creating lasting value for India's infrastructure development," she added.
The Mumbai-based engineering, procurement, and construction firm has a strong presence in tunnels and underground works for hydroelectric and dam projects.

It had posted a Rs 38.29 crore net profit from operations during the year-ago period, the company said in an exchange filing

Nykaa Q1FY25 results: Ebitda surged over 30% Rs 96 crore in April-June quarter compared to Rs 73 crore last year

Business Standard

Tata Trusts, the largest shareholder of Tata Sons, had last year passed a resolution recommending a third term for N Chandrasekaran

N Chandrasekaran, Chairman, TCS

Bhalla, who will take over the role on April 15, is currently vice ‌president, Canada & Global Customers at U.S.-based confectionery giant Hershey Co

Dabur

Reuters

Danish brewing giant Carlsberg is considering listing its India business, as it looks to unlock shareholder value in the country where it is witnessing strong growth, said its Group CEO Jacob Aarup-Andersen.
Ending speculation, Andersen, during the investor call, revealed the company's listing plans; however, he added that no final decision has been made so far.
"We are today confirming the intention to explore an IPO in India. And we have not made any final decisions yet on that," he said while replying to a query.
The company is exploring different options for increasing shareholder value, and that may potentially include an IPO of its business in India, he said.
However, he declined to divulge further details saying: "It also unfortunately restricts me from a legal perspective in terms of what I can say and not say around that. But ... what I can say is that this exploration is driven by our aim to create shareholder value... So, we are assessing this on the back of assessing ..

carlsberg

Ending speculation, Andersen, during the investor call, revealed the company's listing plans; however, he added that no final decision has been made so far

Company is also looking to hire more employees in India, where it currently has 150-odd employees, will onboard talent based on the needs and growth of its brands, Nothing and CMF, Evangelidis said

Akis Evangelidis (image: Linkedin)

Airtel Money has secured RBI registration to function as a Type II non-deposit NBFC, with Bharti Airtel issuing the regulator's mandated disclaimer on financial soundness and liability obligations

Airtel Money, Bharti Airtel, RBI, NBFC, Type II NBFC, Certificate of Registration, telecom, financial services

At Infosys' Investor AI Day, Nandan Nilekani said AI's opportunity is larger than ever but enterprises face an execution gap, needing legacy overhaul, workforce reskilling and new operating models

Nandan Nilekani, chairman, Infosys & cofounder, EkStep Foundation

Speaking to analysts, Nilekani said there was "no opportunity gap" in the AI era

Amazon Web Services India and Yotta Data Services will collaborate to deploy a hybrid cloud infrastructure for the National Informatics Centre's Meghraj 2.0 initiative.
'GI Cloud', named as 'MeghRaj', is an initiative that taps cloud computing to accelerate the delivery of e-services in the country.
On Tuesday, Amazon Web Services India Pvt Ltd (AWS India) said it would work with Yotta Data Services to deploy AWS Outposts for the Meghraj 2.0 initiative.
It would enable government departments to leverage AWS services and generative AI capabilities for data residency and security requirements.
AWS Outposts allow customers with sensitive workloads that are restricted to NIC data centres to leverage AWS's advanced cloud capabilities.
"With AWS Outposts, applications running in NIC data centres can leverage the AWS Region in India, during peak demand for citizen-facing services.
"During peak demand periods, applications can expand to the AWS Region in India for use cases like data ...

Amazon Web Services, AWS

Amazon Web Services India and Yotta Data Services will collaborate to deploy a hybrid cloud infrastructure for the National Informatics Centre's Meghraj 2.0 initiative.

Think & Learn, the parent of Byju's, has moved the Supreme Court challenging an NCLAT order permitting Aakash Educational Services to proceed with the second tranche of its Rs 240-crore rights issue

Byju's

Prime Minister Narendra Modi on Monday inaugurated the India AI Impact Expo here.
He also interacted with startups participating in the expo. The prime minister visited various stalls and spoke with the companies participating in the expo.
Expo features over 600 high-potential startups and 13 country pavilions showcasing international collaboration in AI ecosystem.
Expo brings together global technology firms, startups, academia and research institutions, central and state governments, and international partners.

Narendra Modi

Expo features over 600 high-potential startups and 13 country pavilions showcasing international collaboration in AI ecosystem

Regulatory sandboxes are necessary to ensure that startups and other players can build things in a controlled environment within the guardrails without stifling innovation, a senior official at the International Financial Services Centres Authority (IFSCA) said on Monday.
Speaking at a session at the India AI Impact Summit 2026 in the national capital, IFSCA's Chief Technology Officer Joseph Joshy also said he would look at the things through the regulatory lens.
The five-day summit -- which will see a host of heads of state and government, overseas representatives and industry players, among others -- commenced on Monday.
"We need to ensure that there are regulatory sandboxes among regulators so that there are guardrails... (so that) before regulations come startups and others can build things in a controlled environment so that you don't stifle innovation and that you encourage it within the guardrails," Joshy said.
Joshy is also the Chief General Manager as well as Head of FinTe

India AI Impact Summit, AI Summit

Speaking at a session at the India AI Impact Summit 2026 in the national capital, IFSCA's Chief Technology Officer Joseph Joshy also said he would look at the things through the regulatory lens

Blackstone and co-investors infuse $600mn in equity; Neysa to raise additional $600mn via debt

Artificial Intelligence

Zapolsky spoke about how Amazon is balancing rapid AI innovation with evolving regulatory guardrails

David Zapolsky, chief global affairs and legal officer at Amazon

BSNL targets 5G soft launch in Delhi within six months, expands AI-led network optimisation and rural edge infrastructure as 4G rollout nears completion

Robert Ravi, Chairman and Managing Director, Bharat Sanchar Nigam Ltd (BSNL)

Jio Financial Services has named Sandeep Khetan as its new Group Chief Risk Officer, replacing S Anantharaman, who has resigned and will step down from the role on March 20

Jio Financial Services

Plans soft-brand rollout alongside Athiva expansion, with ₹2,500 crore capex to add over 1,000 keys and scale big-box hotels in metros and leisure destinations through debt and internal accruals

Shwetank Singh, MD&CEO of Chalet Hotels

Ashwani Kumar, Managing Director and Chief Executive Officer (MD&CEO), UCO Bank

We are conducting a saturation drive for inoperative PMJDY accounts, meeting customers one-on-one to encourage them to operate their accounts, says Ashwani Kumar

Pham Sanh Chau

VinFast is committed to making EVs more accessible while contributing to economic growth through investment and local job creation.

Yogesh Mathur, Director-Sales & Marketing, HMSI

Two-wheeler demand likely to remain tepid until festival season, says HMSI

JSW joint managing director and chief executive officer Jayant Acharya

Q1 was disrupted by plant maintenance shutdowns at Dolvi and Bhushan Power and Steel (BPSL), which had an impact on our costs both for capex and operations

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